LEHIGH COUNTY AUTHORITY FINANCIAL STATEMENTS NOVEMBER 2018

Transcription

1 FINANCIAL STATEMENTS

2 FINANCIAL STATEMENTS SUMMARY MONTH YEARTODATE FULL YEAR Actual Forecast FC Var Actual Forecast FC Var Forecast Budget Variance Income Statement 31,329 (55,500) 86,829 Suburban Water 483, , ,623 (144,791) (305,584) 160,793 (253,992) (137,226) (116,766) Suburban Wastewater (508,469) (415,158) (93,311) (560,384) 883,715 (1,444,099) 745,910 (1,173,442) 1,919,352 City Division (3,752,952) (5,762,572) 2,009,620 (7,766,967) (7,267,990) (498,977) 523,248 (1,366,168) 1,889,416 Total LCA (3,778,345) (5,808,278) 2,029,933 (8,472,143) (6,689,859) (1,782,284) Cash Flow Statement 92,545 (643,697) 736,242 Suburban Water 4,726,189 3,104,554 1,621,635 1,720,310 (4,392,584) 6,112, , , ,716 Suburban Wastewater 3,320,305 2,615, ,350 3,147,664 (2,751,285) 5,898,949 1,629,958 (88,775) 1,718,733 City Division 28,179,251 26,697,267 1,481, ,112 (5,085,490) 5,971,602 2,431,943 (596,748) 3,028,691 Total LCA 36,225,745 32,417,776 3,807,969 5,754,086 (12,229,359) 17,983,445 Debt Service Coverage Ratio Suburban Water (2.48) Suburban Wastewater (0.24) (2.26) City Division

3 MONTHLY FINANCIAL STATEMENTS CONSOLIDATED MONTH YEARTODATE FULL YEAR FORECAST Suburban Suburban City LCA Suburban Suburban City LCA Suburban Suburban City LCA Water Wastewater Division TOTAL INCOME STATEMENT Water Wastewater Division TOTAL Water Wastewater Division TOTAL Operating Revenues 692,533 1,421,615 3,481,306 5,595,454 Charges For Services 8,421,243 12,902,251 32,165,530 53,489,024 9,219,521 13,813,610 33,459,494 56,492,625 7,684 7,684 Rent 83,541 83,541 91,416 91,416 7,052 33,515 40,567 Other Income 111, , , , , , ,269 1,421,615 3,514,821 5,643,705 Total Operating Revenues 8,615,966 12,902,251 32,664,655 54,182,872 9,421,777 13,813,610 34,007,004 57,242,391 Operating Expenses 72,630 42, , ,409 Salaries and Wages 966, ,338 4,996,563 6,390,886 1,049, ,694 5,408,909 6,919,525 76,453 41, , ,843 General and Administrative 1,085, ,712 5,839,609 7,348,385 1,226, ,707 6,284,330 7,990,274 30,454 30, , ,459 Utilities 439, ,406 1,779,189 2,479, , ,668 2,021,115 2,854,831 36,818 32, , ,489 Materials and Supplies 243, ,495 1,078,516 1,530, , ,030 1,350,816 1,891, , , , ,260 Miscellaneous Services 2,031,299 5,917,741 1,408,972 9,358,012 2,852,517 6,616,277 1,633,809 11,102, ,433 5, ,636 Treatment & Transportation 2,691,906 9,827 2,701,733 2,478,177 7,624 2,485, , , ,667 1,110,364 Depreciation and Amortization 2,704,152 4,376,515 5,133,337 12,214,004 2,949,991 4,774,785 5,600,000 13,324, ,770 1,711,066 1,736,624 4,081,459 Total Operating Expenses 7,470,532 14,307,114 20,246,013 42,023,659 8,877,784 15,385,339 22,306,604 46,569,727 73,499 (289,450) 1,778,197 1,562,246 Operating Income 1,145,434 (1,404,863) 12,418,642 12,159, ,993 (1,571,729) 11,700,400 10,672,664 NonOperating Revenues (Expenses) 21,520 36, ,432 Tapping and Capital Recovery fees 208, , ,169 1,623, , , ,115 1,978,629 8, ,655 Meter Sales 77,009 7,431 84,440 84,238 9,887 94, (3,329) (3,279) Inspection and Plan Reviews 135,684 28,017 24, , ,676 30,917 30, ,818 10,955 10,955 Project Reimbursements (0) 10,955 10,955 (0) 190, ,000 17,500 20, , ,117 Interest Income 206, , ,886 1,203, , , ,748 1,225,314 1, ,605 6,540 Other Income 27,390 1,460 44,422 73,272 30,580 1,185 35,182 66,947 (90,973) (16,407) (1,123,790) (1,231,170) Interest Expense (1,316,347) (179,535) (15,430,070) (16,925,952) (1,638,658) (201,026) (18,543,606) (20,383,290) (430) (5,639) (32,178) (38,247) Other Expense (1,244) (32,765) (2,160,883) (2,194,892) (1,956) (24,474) (2,525,919) (2,552,349) (42,170) 35,459 (1,032,287) (1,038,998) Total NonOperating Revenues (Expenses) (662,358) 896,393 (16,171,594) (15,937,559) (688,784) 1,011,345 (19,467,367) (19,144,807) 31,329 (253,992) 745, ,248 Net Income Before Capital Contributions 483,076 (508,469) (3,752,952) (3,778,345) (144,791) (560,384) (7,766,967) (8,472,143) Capital Contributions 31,329 (253,992) 745, ,248 NET INCOME 483,076 (508,469) (3,752,952) (3,778,345) (144,791) (560,384) (7,766,967) (8,472,143)

4 MONTHLY FINANCIAL STATEMENTS CONSOLIDATED MONTH YEARTODATE FULL YEAR FORECAST Suburban Suburban City LCA Suburban Suburban City LCA Suburban Suburban City LCA Water Wastewater Division TOTAL CASH FLOW STATEMENT Water Wastewater Division TOTAL Water Wastewater Division TOTAL Cash Flows From Operating Activities 707,269 1,421,615 3,514,821 5,643,705 Operating Revenues 8,615,966 12,902,251 32,664,655 54,182,872 9,421,777 13,813,610 34,007,004 57,242,391 (387,938) (1,313,201) (1,269,957) (2,971,095) Operating Expenses (ex D&A) (4,766,380) (9,930,599) (15,112,676) (29,809,655) (5,927,793) (10,610,554) (16,706,604) (33,244,951) (763,940) 1,280, , ,264 NonCash Working Capital Changes (3,385,421) 275,159 (890,820) (4,001,082) (586,329) (61,909) (648,238) (444,609) 1,389,004 2,625,479 3,569,874 Net Cash Provided by (Used in) Operating Activities 464,165 3,246,811 16,661,159 20,372,136 2,907,655 3,141,147 17,300,400 23,349,202 Cash Flows From Financing Activities Lease Payments to City (511,560) (511,560) (511,560) (511,560) Capital Contributions Proceeds New Borrowing 18,73 18,73 18,73 18,73 (5,447) (13,862) (19,310) Interest Payments (815,896) (156,852) (6,797,422) (7,770,170) (1,448,659) (182,922) (13,347,722) (14,979,303) (29,807) (55,152) (84,960) Principal Payments (324,988) (458,467) (783,455) (1,708,853) (481,161) (18,73) (20,925,014) (35,255) (69,015) (104,269) Net Cash Provided by (Used in) Financing Activities (1,140,884) (615,319) 11,426,018 9,669,816 (3,157,512) (664,083) (13,859,282) (17,680,877) Cash Flows from Capital and Related Activities 31,733 36,728 1,887 70,348 NonOperating Revenues 448, , ,518 1,968, ,359 1,030, ,410 2,375,519 10,955 10,955 Project Reimbursement (0) 10,955 10,955 (0) 190, , (255) 2,240 2,482 NonOperating Expenses 2, , ,579 (496,824) (423,055) (1,121,443) (2,041,321) Capital Expenditures (4,076,339) (1,984,881) (5,327,286) (11,388,506) (4,885,289) (2,281,245) (8,157,164) (15,323,698) (464,594) (386,582) (1,106,361) (1,957,536) Net Cash Provided By (Used In) Capital and Related Activities (3,624,916) (1,074,397) (4,705,813) (9,405,125) (4,159,059) (1,249,786) (7,347,755) (12,756,600) Cash Flows From Investing Activities 1,571, ,212 1,835,126 Investments Converting To Cash 16,365,424 3,110,913 4,000,000 23,476,337 11,806,248 2,734,745 4,000,000 18,540,993 (552,412) (507,956) (1,060,368) Purchased Invesments (7,544,206) (1,546,581) (9,090,787) (5,903,493) (1,020,453) (6,923,946) 17,500 20, , ,117 Interest Income 206, , ,886 1,203, , , ,748 1,225,314 1,037,002 (223,968) 110, ,875 Net Cash Provided By (Used In) Investing Activities 9,027,823 1,763,209 4,797,886 15,588,919 6,129,226 1,920,386 4,792,748 12,842,361 92, ,440 1,629,958 2,431,943 FUND NET CASH FLOWS 4,726,189 3,320,305 28,179,251 36,225,745 1,720,310 3,147, ,112 5,754,086 DEBT SERVICE RATIO 369, ,664 2,327,473 2,862,198 Total Cash Available For Debt Service 4,507,615 4,081,013 18,547,496 27,136,124 4,446,685 4,440,609 18,271,531 27,158, ,150 69,015 1,087,310 1,419,475 Debt Service 2,894, ,319 11,960,411 15,470,380 3,157, ,083 13,047,722 16,869, DSCR

5 FINANCIAL STATEMENTS SUBURBAN WATER MONTH YEARTODATE FULL YEAR Actual Forecast Prior Yr FC Var PY Var INCOME STATEMENT Actual Forecast Prior Yr FC Var PY Var Forecast Budget Prior Yr FC vs Bud FC vs PY Operating Revenues 692, , ,451 (33,438) (7,918) Charges For Services 8,421,243 8,451,390 8,068,611 (30,147) 352,632 9,219,521 9,591,000 8,863,788 (371,479) 355,733 7,684 7,727 7,394 (43) 290 Rent 83,541 83,589 81,508 (48) 2,033 91,416 91,000 91, ,052 3,000 1,836 4,052 5,215 Other Income 111, ,840 65,302 3,343 45, ,840 51,000 99,307 59,840 11, , , ,681 (29,429) (2,412) Total Operating Revenues 8,615,966 8,642,819 8,215,421 (26,853) 400,545 9,421,777 9,733,000 9,054,114 (311,223) 367,663 Operating Expenses 72,630 76,000 84,936 3,370 12,306 Salaries and Wages 966, , ,019 6,937 (11,967) 1,049,922 1,064,358 1,042,565 14,436 (7,357) 76, ,000 85,068 30,547 8,616 General and Administrative 1,085,063 1,119,237 1,116,919 34,174 31,856 1,226,237 1,251,856 1,257,063 25,619 30,826 30,454 44,000 35,734 13,546 5,280 Utilities 439, , ,840 12,775 (48,432) 539, , ,812 45,298 (118,236) 36,818 24,000 87,321 (12,818) 50,503 Materials and Supplies 243, , ,801 (7,691) 103, , , ,730 60, , , , ,470 69,418 1,888 Miscellaneous Services 2,031,299 2,111,517 1,924,110 80,218 (107,189) 2,852,517 2,758,370 2,270,359 (94,147) (582,158) Treatment & Transportation 245, , , ,927 Depreciation and Amortization 2,704,152 2,704,154 2,733, ,329 2,949,991 2,950,000 2,695,548 9 (254,443) 633, , , ,063 93,520 Total Operating Expenses 7,470,532 7,596,947 7,467, ,415 (3,361) 8,877,784 8,929,584 8,109,077 51,800 (768,707) 73,499 (1,135) (17,608) 74,634 91,107 Operating Income 1,145,434 1,045, ,250 99, , , , ,037 (259,423) (401,044) NonOperating Revenues (Expenses) 21,520 22,000 25,285 (480) (3,765) Tapping and Capital Recovery fees 208, , ,630 (5,320) (213,085) 435, ,405 (49,135) (19,540) 8,383 8,000 5, ,560 Meter Sales 77,009 76, , (30,773) 84, ,468 (20,762) (28,230) 20,000 3,775 (20,000) (3,775) Inspection and Plan Reviews 135, ,676 54,410 (18,992) 81, , , ,433 18,676 20,243 (1,518) 1,518 Project Reimbursements (0) (0) 45,296 (45,296) (0) 23,000 (23,000) (0) 17,500 20,000 7,495 (2,500) 10,005 Interest Income 206, ,471 78, , , , ,471 98,985 1,830 3,000 1,545 (1,170) 285 Other Income 27,390 27,580 26,745 (190) , ,343 30,580 (78,763) (90,973) (127,365) (85,173) 36,392 (5,800) Interest Expense (1,316,347) (1,353,293) (1,392,783) 36,946 76,436 (1,638,658) (2,003,000) (1,371,796) 364,342 (266,862) (430) (346) (430) (84) Other Expense (1,244) (1,956) (6,249) 711 5,005 (1,956) (427,991) (1,956) 426,035 (42,170) (54,365) (43,114) 12, Total NonOperating Revenues (Expenses) (662,358) (676,419) (664,398) 14,061 2,040 (688,784) (1,109,000) (840,652) 420, ,868 31,329 (55,500) (60,723) 86,829 92,052 Net Income Before Capital Contributions 483, ,453 83, , ,224 (144,791) (305,584) 104, ,793 (249,176) Capital Contributions 6,324,208 (6,324,208) 31,329 (55,500) (60,723) 86,829 92,052 NET INCOME 483, ,453 83, , ,224 (144,791) (305,584) 6,428, ,793 (6,573,384)

6 FINANCIAL STATEMENTS SUBURBAN WATER MONTH YEARTODATE FULL YEAR Actual Forecast Prior Yr FC Var PY Var CASH FLOW STATEMENT Actual Forecast Prior Yr FC Var PY Var Forecast Budget Prior Yr FC vs Bud FC vs PY Cash Flows From Operating Activities 707, , ,681 (29,429) (2,412) Operating Revenues 8,615,966 8,642,819 8,215,421 (26,853) 400,545 9,421,777 9,733,000 9,054,114 (311,223) 367,663 (387,938) (492,000) (466,530) 104,062 78,593 Operating Expenses (ex D&A) (4,766,380) (4,892,793) (4,733,690) 126,413 (32,690) (5,927,793) (5,979,584) (5,413,529) 51,791 (514,264) (763,940) (763,940) (763,940) NonCash Working Capital Changes (3,385,421) (1,486,329) (1,899,092) (3,385,421) (586,329) (174,761) (586,329) (411,568) (444,609) 244, ,151 (689,307) (687,760) Net Cash Provided by (Used in) Operating Activities 464,165 2,263,697 3,481,731 (1,799,532) (3,017,566) 2,907,655 3,753,416 3,465,824 (845,761) (558,169) Cash Flows From Financing Activities Capital Contributions Proceeds New Borrowing 15,292,006 (15,292,006) 15,292,006 (15,292,006) (5,447) (127,365) (85,173) 121,918 79,725 Interest Payments (815,896) (1,025,905) (1,498,559) 210, ,664 (1,448,659) (2,003,000) (1,202,612) 554,341 (246,047) (29,807) (111,530) (139,038) 81, ,231 Principal Payments (324,988) (488,483) (1,497,963) 163,495 1,172,975 (1,708,853) (1,741,000) (1,667,818) 32,147 (41,035) (35,255) (238,895) (224,211) 203, ,956 Net Cash Provided by (Used in) Financing Activities (1,140,884) (1,514,388) 12,295, ,504 (13,436,368) (3,157,512) (3,744,000) 12,421, ,488 (15,579,088) Cash Flows from Capital and Related Activities 31,733 53,000 36,428 (21,267) (4,695) NonOperating Revenues 448, , ,567 (23,731) (161,939) 725, , ,306 (20,641) 3,053 (1,518) 1,518 Project Reimbursement (0) (0) 45,296 (45,296) (0) 23,000 (23,000) (0) NonOperating Expenses 2, (291) 1,924 3, (496,824) (722,500) (821,526) 225, ,702 Capital Expenditures (4,076,339) (4,227,211) (3,512,039) 150,872 (564,300) (4,885,289) (9,296,000) (5,698,875) 4,410, ,586 (464,594) (669,500) (786,616) 204, ,023 Net Cash Provided By (Used In) Capital and Related Activities (3,624,916) (3,753,981) (2,856,467) 129,065 (768,449) (4,159,059) (8,527,000) (4,976,569) 4,367, ,510 Cash Flows From Investing Activities 1,571,914 1,571,914 1,571,914 Investments Converting To Cash 16,365,424 11,806,248 4,559,176 16,365,424 11,806,248 4,000,000 5,520,144 7,806,248 6,286,104 (552,412) (552,412) (552,412) Purchased Invesments (7,544,206) (5,903,493) (1,640,713) (7,544,206) (5,903,493) (12,309,800) (5,903,493) 6,406,307 17,500 20,000 7,495 (2,500) 10,005 Interest Income 206, ,471 78, , , , ,471 98,985 1,037,002 20,000 7,495 1,017,002 1,029,507 Net Cash Provided By (Used In) Investing Activities 9,027,823 6,109,226 78,772 2,918,597 8,949,052 6,129,226 4,12 (6,662,170) 2,004,226 12,791,396 92,545 (643,697) (760,182) 736, ,727 FUND NET CASH FLOWS 4,726,189 3,104,554 12,999,520 1,621,635 (8,273,330) 1,720,310 (4,392,584) 4,248,661 6,112,894 (2,528,351) DEBT SERVICE RATIO 369, , ,074 51,364 81,988 Total Cash Available For Debt Service 4,507,615 4,429,727 4,170,779 77, ,836 4,446,685 4,624,416 4,490,377 (177,731) (43,692) 263, , ,211 38,939 Debt Service 2,894,650 2,894,650 2,996,522 (101,872) 3,157,512 3,744,000 2,870,430 (586,488) 287, DSCR (0.16)

7 FINANCIAL STATEMENTS SUBURBAN WATER Operating Revenues FORECAST VARIANCES MONTH INCOME STATEMENT Actual Forecast Variance Comments Charges For Services 692, ,971 Lower large industrial, lower industrial/commercial, and lower residentail revenues offset partly by higher fire (33,438) service revenues Rent 7,684 7,727 (43) Other Income 7,052 3,000 4,052 Total Operating Revenues 707, ,698 (29,429) Lower user charges offset partly by higher other revenues Operating Expenses Salaries and Wages 72,630 76,000 3,370 General and Administrative 76, ,000 30,547 Lower internal service charges Utilities 30,454 44,000 13,546 Materials and Supplies 36,818 24,000 (12,818) Higher equipment purchases and higher spending on pump supplies Miscellaneous Services 171, ,000 69,418 Lower water purchases and lower maintenance service spending Treatment & Transportation Depreciation and Amortization 245, ,833 1 Total Operating Expenses 633, , ,063 Lower employee costs, lower internal service charges, lower utilties, and lower service costs offset a little by higher materials & supplies Operating Income 73,499 (1,135) 74,634 Lower operating expenses NonOperating Revenues (Expenses) Tapping and Capital Recovery fees 21,520 22,000 (480) Meter Sales 8,383 8, Inspection and Plan Reviews 20,000 (20,000) Timing difference Project Reimbursements Interest Income 17,500 20,000 (2,500) Other Income 1,830 3,000 (1,170) Interest Expense (90,973) (127,365) 36,392 Other Expense (430) (430) Total NonOperating Revenues (Expenses) (42,170) (54,365) 12,195 Net Income Before Capital Contributions 31,329 (55,500) 86,829 Lower operating expenses and lower interest expense Capital Contributions NET INCOME 31,329 (55,500) 86,829 Cash Flows From Operating Activities FORECAST VARIANCES MONTH CASH FLOW STATEMENT Actual Forecast Variance Comments Operating Revenues 707, ,698 (29,429) Operating Expenses (ex D&A) (387,938) (492,000) 104,062 NonCash Working Capital Changes (763,940) (763,940) Not in forecast Net Cash Provided by (Used in) Operating Activities (444,609) 244,698 (689,307) Cash Flows From Financing Activities Capital Contributions Proceeds New Borrowing Interest Payments (5,447) (127,365) 121,918 Timing difference Principal Payments (29,807) (111,530) 81,723 Timing difference Net Cash Provided by (Used in) Financing Activities (35,255) (238,895) 203,640 Cash Flows from Capital and Related Activities NonOperating Revenues 31,733 53,000 (21,267) Project Reimbursement NonOperating Expenses Capital Expenditures (496,824) (722,500) 225,676 Lower capex spending Net Cash Provided By (Used In) Capital and Related Activities (464,594) (669,500) 204,906 Cash Flows From Investing Activities Investments Converting To Cash 1,571,914 1,571,914 Net increase from investments converted to cash Purchased Invesments (552,412) (552,412) Interest Income 17,500 20,000 (2,500) Net Cash Provided By (Used In) Investing Activities 1,037,002 20,000 1,017,002 FUND NET CASH FLOWS 92,545 (643,697) 736,242

8 DASHBOARD SUBURBAN WATER 9,500 9,000 8,500 Full Year Operating Revenue ($000) 9,733 9,422 9,054 1, Full Year Operating Income ($000) () Full Year Net Income (Loss) ($000) 6,429 (145) (306) FULL YEAR COMPARATIVE ($000) Forecast Budget Prior Yr Operating Revenues 9,422 9,733 9,054 Less: Operating Expenses 8,878 8,930 8,109 Full Year Net Cash Flows ($000) Full Year Debt Service Coverage Ratio Full Year Capital Spending ($000) Operating Income Other income (expenses) (689) (1,109) 5,484 () 4,249 1,720 (4,393) ,296 4,885 5,239 Net Income (145) (306) 6,429 Debt Service Coverage Ratio Net Cash Flows 1,720 (4,393) 4,249 YTD Operating Revenue ($000) 12,000 8,000 6,000 4,000 2,000 Actual 786 1,436 2,161 3,006 3,769 4,504 5,411 6,229 7,022 7,909 8,616 Forecast 786 1,436 2,161 3,006 3,769 4,504 5,411 6,229 7,022 7,906 8,643 9,422 Budget 9,733 9,733 9,733 9,733 9,733 9,733 9,733 9,733 9,733 9,733 9,733 9,733 YTD Operating Income ($000) 1,400 1,200 1, Actual ,072 1,145 Forecast ,046 1, Budget % 18.0% 16.0% 14.0% 12.0% 10.0% 8.0% 6.0% 4.0% 2.0% 0.0% YTD Operating Income to Operating Revenue % Actual 17.3% 10.0% 10.0% 11.8% 12.9% 9.3% 12.2% 11.1% 12.4% 13.6% 13.3% Forecast 17.3% 10.0% 10.0% 11.8% 12.9% 9.3% 12.2% 11.1% 12.4% 13.2% 12.1% 5.8% Budget 8.3% 8.3% 8.3% 8.3% 8.3% 8.3% 8.3% 8.3% 8.3% 8.3% 8.3% 8.3% (100) (200) (300) (400) YTD Net Income ($000) Actual (68) Forecast (68) (145) Budget (306) (306) (306) (306) (306) (306) (306) (306) (306) (306) (306) (306) 9,000 8,000 7,000 6,000 4,000 3,000 2,000 1,000 YTD Operating Expenses ($000) Actual 650 1,293 1,944 2,650 3,283 4,086 4,753 5,536 6,153 6,837 7,471 Forecast 650 1,293 1,944 2,650 3,283 4,086 4,753 5,536 6,153 6,860 7,598 8,878 Budget 8,930 8,930 8,930 8,930 8,930 8,930 8,930 8,930 8,930 8,930 8,930 8,930 YTD Net Cash Flows ($000) 6,000 4,000 2,000 (2,000) (4,000) (6,000) Actual (597) ,846 1,238 2,146 2,826 3,699 4,134 4,634 4,726 Forecast (597) ,846 1,238 2,146 2,826 3,699 4,134 3,749 3,105 1,720 Budget (4,393) (4,393) (4,393) (4,393) (4,393) (4,393) (4,393) (4,393) (4,393) (4,393) (4,393) (4,393)

9 FINANCIAL STATEMENTS SUBURBAN WASTEWATER MONTH YEARTODATE Actual Forecast Prior Yr FC Var PY Var INCOME STATEMENT Actual Forecast Prior Yr FC Var PY Var Forecast Budget Prior Yr Bud Var PY Var Operating Revenues 1,421,615 1,159,174 1,424, ,441 (2,784) Charges For Services 12,902,251 12,625,236 15,584, ,015 (2,682,483) 13,813,610 15,697,000 12,568,375 (1,883,390) 1,245,235 Rent Other Income 290,406 (290,406) 1,421,615 1,159,174 1,424, ,441 (2,784) Total Operating Revenues 12,902,251 12,625,236 15,584, ,015 (2,682,483) 13,813,610 15,697,000 12,858,781 (1,883,390) 954,829 FULL YEAR Operating Expenses 42,302 37,000 34,282 (5,302) (8,020) Salaries and Wages 427, , ,823 (3,644) (37,515) 460, , , (36,486) 41,766 47,000 33,076 5,234 (8,690) General and Administrative 423, , ,812 8,995 (33,900) 479, , ,911 (15,650) 80,204 30,455 32,000 22,438 1,545 (8,017) Utilities 261, , ,390 1,262 (52,016) 294, , ,197 (9,182) (68,471) 32,194 47,000 16,566 14,806 (15,628) Materials and Supplies 208, , ,640 25,535 (82,855) 281, , ,503 91,220 (125,527) 589, ,465 (14,050) 123,415 Miscellaneous Services 5,917,741 5,958,277 7,086,005 40,536 1,168,264 6,616,277 7,079,017 6,369, ,740 (247,263) 577, , ,655 (366,033) (34,779) Treatment & Transportation 2,691,906 2,267,577 4,552,234 (424,329) 1,860,328 2,478,177 1,969,993 3,516,548 (508,184) 1,038, , , , (33,171) Depreciation and Amortization 4,376,515 4,376,785 4,011, (364,881) 4,774,785 4,776,000 4,599,096 1,215 (175,689) 1,711,066 1,347,400 1,726,176 (363,666) 15,110 Total Operating Expenses 14,307,114 13,955,739 16,764,538 (351,375) 2,457,424 15,385,339 15,408,285 15,850,477 22, ,138 (289,450) (188,226) (301,777) (101,224) 12,327 Operating Income (1,404,863) (1,330,503) (1,179,804) (74,359) (225,058) (1,571,729) 288,715 (2,991,696) (1,860,444) 1,419,967 NonOperating Revenues (Expenses) 36, ,000 (18,427) (27,427) Tapping and Capital Recovery fees 880, ,648 1,053,562 (18,310) (173,223) 998,648 1,01 449,376 (16,352) 549,272 Meter Sales 50 1, (950) (450) Inspection and Plan Reviews 28,017 29,917 6,401 (1,900) 21,617 30,917 92,000 12,444 (61,083) 18,473 Project Reimbursements 20, ,776 20,476 Interest Income 198, ,094 3,834 7, , , , ,094 44, , (955) Other Income 1,460 1,185 1, (320) 1,185 7,520 1,185 (6,335) (16,407) (18,000) (17,349) 1, Interest Expense (179,535) (183,026) (196,273) 3,491 16,738 (201,026) (216,000) (204,418) 14,974 3,392 (5,639) (2,000) (289) (3,639) (5,350) Other Expense (32,765) (22,474) (970) (10,290) (31,795) (24,474) (301,000) (30,104) 276,526 5,630 35,459 51,000 48,222 (15,541) (12,763) Total NonOperating Revenues (Expenses) 896, , ,334 (18,952) 28,059 1,011, , , ,493 (253,992) (137,226) (253,555) (116,766) (437) Net Income Before Capital Contributions (508,469) (415,158) (311,470) (93,311) (196,999) (560,384) 883,715 (2,594,844) (1,444,099) 2,034,460 Capital Contributions 2,055,943 (2,055,943) (253,992) (137,226) (253,555) (116,766) (437) NET INCOME (508,469) (415,158) (311,470) (93,311) (196,999) (560,384) 883,715 (538,901) (1,444,099) (21,483)

10 FINANCIAL STATEMENTS SUBURBAN WASTEWATER MONTH YEARTODATE FULL YEAR Actual Forecast Prior Yr FC Var PY Var CASH FLOW STATEMENT Actual Forecast Prior Yr FC Var PY Var Forecast Budget Prior Yr Bud Var PY Var Cash Flows From Operating Activities 1,421,615 1,159,174 1,424, ,441 (2,784) Operating Revenues 12,902,251 12,625,236 15,584, ,015 (2,682,483) 13,813,610 15,697,000 12,858,781 (1,883,390) 954,829 (1,313,201) (949,400) (1,361,482) (363,801) 48,281 Operating Expenses (ex D&A) (9,930,599) (9,578,954) (12,752,904) (351,645) 2,822,305 (10,610,554) (10,632,285) (11,251,381) 21, ,827 1,280, ,000 1,030,589 1,280,589 NonCash Working Capital Changes 275,159 (759,044) 1,034, ,159 (61,909) (1,605,524) (61,909) 1,543,615 1,389, ,774 62, ,230 1,326,087 Net Cash Provided by (Used in) Operating Activities 3,246,811 2,287,238 2,831, , ,982 3,141,147 5,064,715 1,876 (1,923,568) 3,139,271 Cash Flows From Financing Activities Capital Contributions Proceeds New Borrowing (13,862) (18,000) (14,691) 4, Interest Payments (156,852) (164,922) (165,654) 8,070 8,802 (182,922) (216,000) (204,418) 33,078 21,496 (55,152) (39,500) (39,869) (15,652) (15,283) Principal Payments (458,467) (441,661) (435,642) (16,806) (22,825) (481,161) (474,000) (475,585) (7,160) (5,575) (69,015) (57,500) (54,560) (11,515) (14,454) Net Cash Provided by (Used in) Financing Activities (615,319) (606,583) (601,296) (8,736) (14,023) (664,083) (690,000) (680,003) 25,917 15,920 Cash Flows from Capital and Related Activities 36,728 56,000 65,560 (19,272) (28,832) NonOperating Revenues 909, ,751 1,061,743 (19,935) (151,927) 1,030,751 1,107, ,658 (76,249) 527,093 Project Reimbursement (255) (255) (255) NonOperating Expenses (40) (130) (423,055) (337,550) (573,545) (85,505) 150,491 Capital Expenditures (1,984,881) (1,900,545) (2,604,878) (84,336) 619,997 (2,281,245) (11,718,000) (2,865,337) 9,436, ,092 (386,582) (281,550) (507,985) (105,032) 121,404 Net Cash Provided By (Used In) Capital and Related Activities (1,074,397) (970,086) (1,543,135) (104,311) 468,738 (1,249,786) (10,611,000) (2,361,809) 9,361,214 1,112,023 Cash Flows From Investing Activities 263, , ,212 Investments Converting To Cash 3,110,913 2,734, ,168 3,110,913 2,734,745 3,480,000 5,445,346 (745,255) (2,710,601) (507,956) (507,956) (507,956) Purchased Invesments (1,546,581) (1,020,453) (526,128) (1,546,581) (1,020,453) (5,618,502) (1,020,453) 4,598,049 20, ,776 20,476 Interest Income 198, ,094 3,834 7, , , , ,094 51,176 (223,968) (238,968) (224,268) Net Cash Provided By (Used In) Investing Activities 1,763,209 1,905,386 3,834 (142,177) 1,759,375 1,920,386 3,48 (18,238) (1,564,614) 1,938, , ,724 (499,328) 573,716 1,208,768 FUND NET CASH FLOWS 3,320,305 2,615, , ,350 2,629,072 3,147,664 (2,751,285) (3,058,174) 5,898,949 6,205,838 DEBT SERVICE RATIO 165, , ,777 (115,110) 36,887 Total Cash Available For Debt Service 4,081,013 4,167,835 3,897,407 (86,822) 183,607 4,440,609 6,176,715 2,265,976 (1,736,106) 2,174,633 69,015 57,500 54,560 11,515 14,454 Debt Service 615, , ,296 8,736 14, , , ,003 (25,917) (15,920) (2.48) 0.04 DSCR (0.24) (2.26) 3.35

11 FINANCIAL STATEMENTS SUBURBAN WASTEWATER FORECAST VARIANCES MONTH INCOME STATEMENT Actual Forecast Variance Comments Operating Revenues Charges For Services 1,421,615 1,159, ,441 Higher WLI revenues along with higher revenues from Hauler program Rent Other Income Total Operating Revenues 1,421,615 1,159, ,441 Operating Expenses Salaries and Wages 42,302 37,000 (5,302) General and Administrative 41,766 47,000 5,234 Utilities 30,455 32,000 1,545 Materials and Supplies 32,194 47,000 14,806 Miscellaneous Services 589, (14,050) Treatment & Transportation 577, ,400 (366,033) Higher flows Depreciation and Amortization 397, , Total Operating Expenses 1,711,066 1,347,400 (363,666) Operating Income (289,450) (188,226) (101,224) Higher operating revenues more than offset by higher Treatment & Transportation costs NonOperating Revenues (Expenses) Tapping and Capital Recovery fees 36,573 5 (18,427) Meter Sales Inspection and Plan Reviews 50 1,000 (950) Project Reimbursements Interest Income 20, ,776 Other Income Interest Expense (16,407) (18,000) 1,593 Other Expense (5,639) (2,000) (3,639) Total NonOperating Revenues (Expenses) 35,459 51,000 (15,541) Net Income Before Capital Contributions (253,992) (137,226) (116,766) Lower operating income along with lower nonoperating revenues Capital Contributions NET INCOME (253,992) (137,226) (116,766) Cash Flows From Operating Activities FORECAST VARIANCES MONTH CASH FLOW STATEMENT Actual Forecast Variance Comments Operating Revenues 1,421,615 1,159, ,441 Operating Expenses (ex D&A) (1,313,201) (949,400) (363,801) NonCash Working Capital Changes 1,280, ,000 1,030,589 Net Cash Provided by (Used in) Operating Activities 1,389, , ,230 Cash Flows From Financing Activities Capital Contributions Proceeds New Borrowing Interest Payments (13,862) (18,000) 4,138 Principal Payments (55,152) (39,500) (15,652) Net Cash Provided by (Used in) Financing Activities (69,015) (57,500) (11,515) Cash Flows from Capital and Related Activities NonOperating Revenues 36,728 56,000 (19,272) Project Reimbursement NonOperating Expenses (255) (255) Capital Expenditures (423,055) (337,550) (85,505) Higher than forecased capex spending Net Cash Provided By (Used In) Capital and Related Activities (386,582) (281,550) (105,032) Cash Flows From Investing Activities Investments Converting To Cash 263, ,212 Increase in net investment Purchased Invesments (507,956) (507,956) Interest Income 20, ,776 Net Cash Provided By (Used In) Investing Activities (223,968) 1 (238,968) FUND NET CASH FLOWS 709, , ,716

12 DASHBOARD SUBURBAN WASTEWATER 20,000 Full Year Operating Revenue ($000) 15,697 13,814 12,859 2,000 (2,000) (4,000) Full Year Operating Income ($000) 289 (1,572) (2,992) 1,000 (1,000) Full Year Net Income (Loss) ($000) 884 (560) (539) FULL YEAR COMPARATIVE ($000) Forecast Budget Prior Yr Operating Revenues 13,814 15,697 12,859 Less: Operating Expenses 15,386 15,408 15,851 Full Year Net Cash Flows ($000) Full Year Debt Service Coverage Ratio Full Year Capital Spending ($000) Operating Income (1,572) 289 (2,992) Other income (expenses) 1, ,453 () 3,148 (2,751) (3,058) ,718 2,281 3,183 Net Income (560) 884 (539) Debt Service Coverage Ratio Net Cash Flows 3,148 (2,751) (3,058) 18,000 16,000 14,000 12,000 8,000 6,000 4,000 2,000 YTD Operating Revenue ($000) Actual 1,096 2,296 3,400 4,585 5,895 7,128 7,872 8,815 10,067 11,481 12,902 Forecast 1,096 2,296 3,400 4,585 5,895 7,128 7,872 8,815 10,067 11,466 12,625 13,814 Budget 15,697 15,697 15,697 15,697 15,697 15,697 15,697 15,697 15,697 15,697 15,697 15,697 YTD Operating Income ($000) 500 (500) (1,000) (1,500) (2,000) Actual (15) (190) (304) (397) (302) (332) (882) (1,226) (748) (1,115) (1,405) Forecast (15) (190) (304) (397) (302) (332) (882) (1,226) (748) (1,142) (1,330) (1,572) Budget % 2.0% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% 16.0% YTD Operating Income to Operating Revenue % Actual 1.4% 8.3% 8.9% 8.7% 5.1% 4.7% 11.2% 13.9% 7.4% 9.7% 10.9% Forecast 1.4% 8.3% 8.9% 8.7% 5.1% 4.7% 11.2% 13.9% 7.4% 10.0% 10.5% 11.4% Budget 1.8% 1.8% 1.8% 1.8% 1.8% 1.8% 1.8% 1.8% 1.8% 1.8% 1.8% 1.8% 1, (200) (400) (600) (800) YTD Net Income ($000) Actual 16 (99) (242) (269) 2 78 (406) (671) 31 (254) (508) Forecast 16 (99) (242) (269) 2 78 (406) (671) 31 (277) (414) (560) Budget ,000 16,000 14,000 12,000 8,000 6,000 4,000 2,000 YTD Operating Expenses ($000) Actual 1,111 2,486 3,704 4,982 6,197 7,460 8,754 10,041 10,815 12,596 14,307 Forecast 1,111 2,486 3,704 4,982 6,197 7,460 8,754 10,041 10,815 12,608 13,955 15,386 Budget 15,408 15,408 15,408 15,408 15,408 15,408 15,408 15,408 15,408 15,408 15,408 15,408 4,000 3,000 2,000 1,000 (1,000) (2,000) (3,000) (4,000) YTD Net Cash Flows ($000) Actual 563 1,728 1,476 1,890 2,002 1,993 2,237 1,649 2,906 2,611 3,320 Forecast 563 1,728 1,476 1,890 2,002 1,993 2,237 1,649 2,906 2,480 2,616 3,148 Budget (2,751) (2,751) (2,751) (2,751) (2,751) (2,751) (2,751) (2,751) (2,751) (2,751) (2,751) (2,751)

13 FINANCIAL STATEMENTS CITY DIVISION MONTH YEARTODATE FULL YEAR Actual Forecast Prior Yr FC Var PY Var INCOME STATEMENT Actual Forecast Prior Yr FC Var PY Var Forecast Budget Prior Yr Bud Var PY Var Operating Revenues 3,481,306 2,416,066 3,583,835 1,065,240 (102,530) Charges For Services 32,165,530 31,071,638 30,391,376 1,093,892 1,774,154 33,459,494 33,039,000 32,802, , ,831 Rent 33,515 49,160 77,977 (15,644) (44,461) Other Income 499, , ,654 (14,973) 63, , ,000 93,262 17, ,248 3,514,821 2,465,225 3,661,812 1,049,596 (146,991) Total Operating Revenues 32,664,655 31,585,737 30,827,030 1,078,919 1,837,625 34,007,004 33,569,000 32,895, ,004 1,111,079 Operating Expenses 414, ,615 (4,476) (13,861) Salaries and Wages 4,996,563 4,998,909 4,586,263 2,346 (410,300) 5,408,909 5,483,083 5,756,508 74, , , , ,168 2,376 20,545 General and Administrative 5,839,609 5,834,330 5,792,206 (5,279) (47,404) 6,284,330 5,988,429 5,268,909 (295,901) (1,015,421) 154, , ,860 13,449 8,309 Utilities 1,779,189 1,795,115 1,647,539 15,926 (131,650) 2,021,115 1,983,202 1,903,666 (37,913) (117,449) 114, ,565 60,524 43,089 Materials and Supplies 1,078,516 1,145,816 1,137,607 67,300 59,091 1,350,816 1,489,546 1,312, ,730 (38,265) 133, , ,579 16, ,951 Miscellaneous Services 1,408,972 1,433,809 2,189,820 24, ,848 1,633,809 1,845,730 2,620, , ,735 5,203 1,000 (4,203) (5,203) Treatment & Transportation 9,827 6,624 4,935 (3,203) (4,892) 7,624 12,000 10,096 4,376 2, , , ,000 (16,667) Depreciation and Amortization 5,133,337 5,133,337 4,950,000 (183,337) 5,600,000 5,600,000 5,887, ,307 1,736,624 1,820,667 1,966,787 84, ,163 Total Operating Expenses 20,246,013 20,347,941 20,308, ,928 62,357 22,306,604 22,401,990 22,759,581 95, ,977 1,778, ,558 1,695,025 1,133,639 83,172 Operating Income 12,418,642 11,237,795 10,518,660 1,180,847 1,899,982 11,700,400 11,167,010 10,136, ,390 1,564,056 NonOperating Revenues (Expenses) ,000 70,437 (12,661) (70,099) Tapping and Capital Recovery fees 534, , ,731 3, , , , , ,115 (181,115) 272 1,000 1,388 (728) (1,116) Meter Sales 7,431 8,887 16,919 (1,456) (9,488) 9, ,187 (5,113) (7,300) (3,329) 1,000 1,500 (4,329) (4,829) Inspection and Plan Reviews 24,496 28,225 15,360 (3,729) 9,136 30, ,000 1,132,206 (262,775) (1,101,981) 10, ,925 10,955 (114,970) Project Reimbursements 10, ,661 10,955 (673,706) 190,000 2,480,000 (2,290,000) 190, ,840 60,000 27,493 50,840 83,347 Interest Income 797, , ,944 65, , , , , , ,317 4,605 3,510 4,605 1,095 Other Income 44,422 35,182 39,375 9,240 5,047 35,182 1,123,827 35,182 (1,088,645) (1,123,790) (1,693,000) (1,262,941) 569, ,151 Interest Expense (15,430,070) (16,010,606) (13,892,351) 580,536 (1,537,719) (18,543,606) (16,73) (18,516,650) (1,808,606) (26,956) (32,178) (200,000) (711,671) 167, ,493 Other Expense (2,160,883) (2,325,919) (2,392,916) 165, ,033 (2,525,919) (4,980,000) (3,312,624) 2,454, ,705 (1,032,287) (1,818,000) (1,744,358) 785, ,072 Total NonOperating Revenues (Expenses) (16,171,594) (17,000,367) (14,807,278) 828,774 (1,364,316) (19,467,367) (18,43) (18,489,393) (1,032,367) (977,974) 745,910 (1,173,442) (49,334) 1,919, ,244 Net Income Before Capital Contributions (3,752,952) (5,762,572) (4,288,618) 2,009, ,666 (7,766,967) (7,267,990) (8,353,049) (498,977) 586,082 Capital Contributions 745,910 (1,173,442) (49,334) 1,919, ,244 NET INCOME (3,752,952) (5,762,572) (4,288,618) 2,009, ,666 (7,766,967) (7,267,990) (8,353,049) (498,977) 586,082

14 FINANCIAL STATEMENTS CITY DIVISION MONTH YEARTODATE FULL YEAR Actual Forecast Prior Yr FC Var PY Var CASH FLOW STATEMENT Actual Forecast Prior Yr FC Var PY Var Forecast Budget Prior Yr Bud Var PY Var Cash Flows From Operating Activities 3,514,821 2,465,225 3,661,812 1,049,596 (146,991) Operating Revenues 32,664,655 31,585,737 30,827,030 1,078,919 1,837,625 34,007,004 33,569,000 32,895, ,004 1,111,079 (1,269,957) (1,354,000) (1,516,787) 84, ,830 Operating Expenses (ex D&A) (15,112,676) (15,214,604) (15,358,370) 101, ,694 (16,706,604) (16,801,990) (16,872,274) 95, , , , ,615 NonCash Working Capital Changes (890,820) (863,438) (27,382) (890,820) 3,458,783 (3,458,783) 2,625,479 1,111,225 2,145,025 1,514, ,454 Net Cash Provided by (Used in) Operating Activities 16,661,159 15,507,694 15,468,660 1,153,465 1,192,499 17,300,400 16,767,010 19,482, ,390 (2,182,034) Cash Flows From Financing Activities Lease Payments to City (511,560) (511,560) (508,000) (3,560) (511,560) (512,000) (504,000) 440 (7,560) Capital Contributions Proceeds New Borrowing 18,73 18,73 18,73 18,73 1,720,000 17,01 18,73 Interest Payments (6,797,422) (6,823,861) (6,523,861) 26,439 (273,561) (13,347,722) (13,748,000) (13,047,721) 400,278 (300,001) Principal Payments (18,73) (18,73) (18,73) Net Cash Provided by (Used in) Financing Activities 11,426,018 11,399,579 (7,031,861) 26,439 18,457,879 (13,859,282) (12,540,000) (13,551,721) (1,319,282) (307,561) Cash Flows from Capital and Related Activities 1, ,835 (13,113) (74,949) NonOperating Revenues 610, , ,385 7, , , ,000 2,998, ,410 (2,379,040) 10, ,925 10,955 (114,970) Project Reimbursement 10, ,661 10,955 (673,706) 190,000 2,480,000 (2,290,000) 190,000 2,240 2,240 2,240 NonOperating Expenses (1,121,443) (1,27) (1,019,647) 153,557 (101,796) Capital Expenditures (5,327,286) (5,546,164) (5,596,632) 218, ,346 (8,157,164) (12,592,500) (7,881,008) 4,435,336 (276,156) (1,106,361) (1,260,000) (816,887) 153,639 (289,474) Net Cash Provided By (Used In) Capital and Related Activities (4,705,813) (4,942,755) (4,590,586) 236,942 (115,226) (7,347,755) (9,660,500) (4,882,558) 2,312,745 (2,465,197) Cash Flows From Investing Activities Investments Converting To Cash 4,000,000 4,000,000 4,000,000 4,000,000 10,136,160 4,000,000 (6,136,160) Purchased Invesments 110,840 60,000 27,493 50,840 83,347 Interest Income 797, , ,944 65, , , , , , , ,840 60,000 27,493 50,840 83,347 Net Cash Provided By (Used In) Investing Activities 4,797,886 4,732, ,944 65,138 4,325,943 4,792, ,000 10,506,872 4,444,748 (5,714,124) 1,629,958 (88,775) 1,355,631 1,718, ,327 FUND NET CASH FLOWS 28,179,251 26,697,267 4,318,157 1,481,984 23,861, ,112 (5,085,490) 11,555,027 5,971,602 (10,668,915) DEBT SERVICE RATIO 2,327,473 1,143,595 2,207,354 1,183, ,119 Total Cash Available For Debt Service 18,547,496 17,321,524 15,799,989 1,225,972 2,747,507 18,271,531 17,129,856 18,325,297 1,141,675 (53,766) 1,087,310 1,087,310 1,087,310 Debt Service (ProRated) 11,960,411 11,960,411 11,960, ,047,722 13,748,000 13,047,722 (700,278) DSCR (0.00)

15 FINANCIAL STATEMENTS CITY DIVISION Operating Revenues FORECAST VARIANCES MONTH INCOME STATEMENT Actual Forecast Variance Comments Charges For Services 3,481,306 2,416,066 1,065,240 Rent Other Income 33,515 49,160 (15,644) Total Operating Revenues 3,514,821 2,465,225 1,049,596 Higher water revenues from residential/industrial/commercial segment along with thigher wastewater revenues from municipal and residential/commercial segments Higher user charges partially offset by lower other income Operating Expenses Salaries and Wages 414,476 4 (4,476) General and Administrative 447, ,000 2,376 Utilities 154, ,000 13,449 Materials and Supplies 114, ,524 Lower spending on purification chemicals and supplies Miscellaneous Services 133, ,000 16,372 Treatment & Transportation 5,203 1,000 (4,203) Depreciation and Amortization 466, ,667 Total Operating Expenses 1,736,624 1,820,667 84,043 Operating Income 1,778, ,558 1,133,639 NonOperating Revenues (Expenses) Tapping and Capital Recovery fees ,000 (12,661) Meter Sales 272 1,000 (728) Inspection and Plan Reviews (3,329) 1,000 (4,329) Project Reimbursements 10,955 10,955 Interest Income 110,840 60,000 50,840 Higher invested balances Other Income 4,605 4,605 Interest Expense (1,123,790) (1,693,000) 569,210 Other Expense (32,178) (200,000) 167,822 Total NonOperating Revenues (Expenses) (1,032,287) (1,818,000) 785,713 Net Income Before Capital Contributions 745,910 (1,173,442) 1,919,352 Capital Contributions NET INCOME 745,910 (1,173,442) 1,919,352 CASH FLOW STATEMENT Actual Forecast Variance Comments Cash Flows From Operating Activities FORECAST VARIANCES MONTH Operating Revenues 3,514,821 2,465,225 1,049,596 Operating Expenses (ex D&A) (1,269,957) (1,354,000) 84,043 NonCash Working Capital Changes 380, ,615 Net Cash Provided by (Used in) Operating Activities 2,625,479 1,111,225 1,514,254 Cash Flows From Financing Activities Lease Payments to City Capital Contributions Proceeds New Borrowing Interest Payments Principal Payments Net Cash Provided by (Used in) Financing Activities Cash Flows from Capital and Related Activities NonOperating Revenues 1,887 1 (13,113) Project Reimbursement 10,955 10,955 NonOperating Expenses 2,240 2,240 Capital Expenditures (1,121,443) (1,27) 153,557 Lower capex spending Net Cash Provided By (Used In) Capital and Related Activities (1,106,361) (1,260,000) 153,639 Cash Flows From Investing Activities Investments Converting To Cash Purchased Invesments Interest Income 110,840 60,000 50,840 Net Cash Provided By (Used In) Investing Activities 110,840 60,000 50,840 FUND NET CASH FLOWS 1,629,958 (88,775) 1,718,733

16 DASHBOARD CITY DIVISION 3 34,000 33,000 32,000 Full Year Operating Revenue ($000) 34,007 33,569 32,896 12,000 11,000 9,000 Full Year Operating Income ($000) 11,700 11,167 10,136 (6,000) (7,000) (8,000) (9,000) Full Year Net Income (Loss) ($000) (7,268) (7,767) (8,383) FULL YEAR COMPARATIVE ($000) Forecast Budget Prior Yr Operating Revenues 34,007 33,569 32,896 Less: Operating Expenses 22,307 22,402 22,760 Full Year Net Cash Flows ($000) Full Year Debt Service Coverage Ratio Full Year Capital Spending ($000) Operating Income 11,700 11,167 10,136 Other income (expenses) (19,467) (18,435) (18,519) 20,000 () 11, (5,085) ,593 8,157 7,902 Net Income (7,767) (7,268) (8,383) Debt Service Coverage Ratio Net Cash Flows 886 (5,085) 11,555 YTD Operating Revenue ($000) 40, , ,000 1 Actual 2,818 5,715 8,756 11,791 14,257 17,128 20,174 23,066 26,022 29,150 32,665 Forecast 2,818 5,715 8,756 11,791 14,257 17,128 20,174 23,066 26,022 29,121 31,586 34,007 Budget 33,569 33,569 33,569 33,569 33,569 33,569 33,569 33,569 33,569 33,569 33,569 33,569 YTD Operating Income ($000) 14,000 12,000 8,000 6,000 4,000 2,000 Actual 1,176 2,217 3,473 4,669 5,388 6,231 7,467 8,019 9,307 10,640 12,419 Forecast 1,176 2,217 3,473 4,669 5,388 6,231 7,467 8,019 9,307 10,593 11,237 11,700 Budget 11,167 11,167 11,167 11,167 11,167 11,167 11,167 11,167 11,167 11,167 11,167 11, % 40.0% 35.0% 30.0% 25.0% 20.0% 15.0% 10.0% 5.0% 0.0% YTD Operating Income to Operating Revenue % Actual 41.7% 38.8% 39.7% 39.6% 37.8% 36.4% 37.0% 34.8% 35.8% 36.5% 38.0% Forecast 41.7% 38.8% 39.7% 39.6% 37.8% 36.4% 37.0% 34.8% 35.8% 36.4% 35.6% 34.4% Budget 33.3% 33.3% 33.3% 33.3% 33.3% 33.3% 33.3% 33.3% 33.3% 33.3% 33.3% 33.3% (1,000) (2,000) (3,000) (4,000) () (6,000) (7,000) (8,000) (9,000) YTD Net Income ($000) Actual (267) (584) (744) (967) (1,733) (2,175) (2,415) (3,380) (3,396) (4,499) (3,753) Forecast (267) (584) (744) (967) (1,733) (2,175) (2,415) (3,380) (3,396) (4,590) (5,764) (7,767) Budget (7,268) (7,268) (7,268) (7,268) (7,268) (7,268) (7,268) (7,268) (7,268) (7,268) (7,268) (7,268) YTD Operating Expenses ($000) 2 20,000 1 Actual 1,642 3,498 5,283 7,122 8,869 10,897 12,707 15,047 16,715 18,510 20,246 Forecast 1,642 3,498 5,283 7,122 8,869 10,897 12,707 15,047 16,715 18,528 20,349 22,307 Budget 22,402 22,402 22,402 22,402 22,402 22,402 22,402 22,402 22,402 22,402 22,402 22,402 30, ,000 1 () () YTD Net Cash Flows ($000) Actual (308) 1,060 3,076 4,301 5, ,151 2,648 3,677 26,549 28,179 Forecast (308) 1,060 3,076 4,301 5, ,151 2,648 3,677 25,986 25, Budget (5,085) (5,085) (5,085) (5,085) (5,085) (5,085) (5,085) (5,085) (5,085) (5,085) (5,085) (5,085)

17 CASH & INVESTMENT SUMMARY Suburban Suburban City TOTAL US Dollars Water Wastewater Division LCA CASH Operating 9,130, ,091, ,980, ,202, Capital 5,235, ,200, , ,479, Restricted 1,562, , ,255, ,155, Escrow 4,745, , ,751, Total Cash 20,673, ,629, ,285, ,588, INVESTMENTS Operating 3,354, ,354, Capital 3,925, ,941, ,867, Restricted 25, ,940, ,966, Total Investments 7,305, ,941, ,940, ,188, TOTAL CASH & INVESTMENTS 27,979, ,571, ,225, ,776, TOTAL CASH Unrestricted 14,365, ,292, ,023, ,681, Restricted 6,307, , ,261, ,907, Total Cash 20,673, ,629, ,285, ,588, TOTAL INVESTMENTS Unrestricted 7,280, ,941, ,221, Restricted 25, ,940, ,966, Total Investments 7,305, ,941, ,940, ,188, TOTAL CASH & INVESTMENTS Unrestricted 21,645, ,233, ,023, ,903, Restricted 6,333, , ,202, ,873, Total Cash & Investments 27,979, ,571, ,225, ,776, OPERATING RESERVES Unrestricted Cash 9,130, ,091, ,980, ,202, Unrestricted Investments 3,354, ,354, Total Operating reserves 12,484, ,091, ,980, ,556, PROJECT RESERVES (CAPITAL) Unrestricted Cash 5,235, ,200, , ,479, Unrestricted Investments 3,925, ,941, ,867, Total Project Reserves (Capital) 9,160, ,142, , ,346,508.20

18 CASH & INVESTMENT SUMMARY YTD CHANGES IN CASH BALANCES Suburban Suburban City Water Wastewater Division CURRENT MONTH CASH Operating 9,130, ,091, ,980, Capital 5,235, ,200, , Restricted 1,562, , ,255, Escrow 4,745, , Total Cash 20,673, ,629, ,285, INVESTMENTS Operating 3,354, Capital 3,925, ,941, Restricted 25, ,940, Total Investments 7,305, ,941, ,940, TOTAL CASH & INVESTMENTS 27,979, ,571, ,225, BEGINNING OF YEAR CASH Operating 3,480, ,203, ,004, Capital 6,174, ,768, ,484, Restricted 1,547, , ,610, Escrow 4,869, , Total Cash 16,071, ,309, ,105, INVESTMENTS Operating 6,151, Capital 9,949, ,506, Restricted 25, ,940, Total Investments 16,126, ,506, ,940, TOTAL CASH & INVESTMENTS 32,198, ,815, ,046, YTD CHANGE IN BALANCES CASH Operating 5,649, , (2,024,039.30) Capital (939,135.75) 2,432, (3,441,431.88) Restricted 15, ,644, Escrow (124,284.69) 2.13 Total Cash 4,601, ,320, ,179, INVESTMENTS Operating (2,797,204.91) Capital (6,024,013.76) (1,564,331.61) Restricted (4,000,000.00) Total Investments (8,821,205.24) (1,564,331.61) (4,000,000.00) TOTAL CASH & INVESTMENTS (4,219,300.79) 1,755, ,179, CASH WITHOUT ESCROW 4,726, ,320, ,179,250.56

19 Lehigh County Authority System Operations Review November 2018 Presented: December 10, 2018 Critical Activities System Description Nov toDate 2017 Totals Permit Daily Avg (MGD) Daily Avg (MGD) Daily Avg (MGD) Daily Max (MGD) Water Production Allentown Total Schantz Spring Crystal Spring Little Lehigh Creek Lehigh River Central Lehigh Total MGD Avg Feed from Allentown MGD Avg 10.5 MGD Max Well Production (CLD) MGD Avg Sum of all (12) other Suburban Water Systems Sum of all wells Wastewater Treatment Kline's Island Pretreatment Plant Sum of all (5) other Suburban WW Systems 5.75 (design capacity) Nov toDate 2017 Totals 2016 Totals Precipitation Totals (inches) Compliance Reports Submitted to Allentown Notices of Violation (NOVs) (Allentown + Suburban) Sanitary Sewer Overflows (SSOs)/Bypasses (Allentown + Suburban) Main Breaks Repaired Allentown Suburban Customer Service Phone Inquiries (Allentown + Suburban) 1,796 24,767 27,313 28,099 Water Shutoffs for NonPayment (Allentown + Suburban) 126 1,838 1,577 1,685 Injury Accidents (Allentown + Suburban) Emergency Declarations Allentown 23,750 $76,469 $51,235 $87,079 Suburban 0 $21,197 $72,554 $33,495 Significant Repairs: Nothing to report. Description of NOVs and/or SSOs: There were four (4) bypasses during November. Two of them occurred at Heidelberg Heights, one from 11/311/9 and the second from 11/2511/29. KIWWTP experienced a bypass from 11/211/3. The final bypass occurred at Lynn Township WWTP on 11/2. There were a total of twelve (12) SSO's that were found in suburban manholes. There were two (2) found on 11/3, one (1) on 11/5, four (4) on 11/8 and five (5) on 11/14. There were (0) NOVs issued to any LCA system in November. Other Highlights: The Allentown Water Plant has switched back to using Polyaluminum Chloride (PACl) as the primary coagulant. The plant will remain on PACl for a year and then determine the costeffectiveness of using PACl yearround vs switching to seasonal use of PACl and alum. The existing operational permit allows us to use either or both.